August 15, 2005
For Immediate Release
Address: 26-1 Sakuragaoka-cho , Shibuya-ku, Tokyo
Company name: GMO Internet Inc.
Code No.9449
Company representative: Masatoshi Kumagai , Representative Director and President
Contact person: Masashi Yasuda , Executive Director
TEL: 03-5456-2555 (switchboard)
URL: http://www.gmo.jp

Notice of Conclusion of Final Agreement in relation to the Acquisition of Sharesof Orient Credit Co., Ltd. (making Orient Credit a subsidiary)

GMO Internet, Inc. (“the Company”) is pleased to announce that a decision has been reached at a meeting of the Boardof Directors held today (August 15, 2005) to conclude a final agreement relating to the acquisition of shares of OrientCredit Co., Ltd. (“Orient Credit”) with Unison Capital, Inc. investment funds, namely Unison Capital Partners, LP., UC
Ocean Investors, LP., and UC Ocean Investors, 2LP. (collectively, “Unison”).

Unison Capital, Inc., established in 1998, is a pioneer in private equity investment in Japan. As professionals in building
enterprise value through achieving a balance or “unison” between shareholder, management, and employee profits,Unison formulates strategies for the long-term enhancement of corporate value in its enterprise investments and executes
these strategies decisively. Unison Capital’s key enterprise investments include RECRUIT COSMOS CO., LTD. andTOHATO, INC.

Orient Credit Co., Ltd. is also a company that Unison invests in, and thanks to financial backing provided by Unison
since June 2000, Orient Credit has promoted management reforms, diversified its funds procurement channels throughsecuritization, etc., and increased its cost competitiveness by reorganizing its sales offices into a “branchless”
organizational structure. Through these efforts, Orient Credit has successfully established a management base for therealization of steady profits. Orient Credit is also building a foundation for future growth by making the transition to callcenters and through the buying of consumer loans.

1. Reason for share acquisition
The GMO Internet Group, at the core of which is the Company, concentrates its management resources on providing
Internet infrastructure. The Company is engaged in the Internet Use Support Business (Internet Infrastructure Business),through which it provides services in the areas of Access, Domain acquisition, Hosting, Credit card payment processing,and Security, and in the Internet Advertising Support Business (Media Business), through which it provides services in
the areas of Blog service, Internet advertising sales, and Jword (keyword listing), etc. Some 18,588,000 individual
customers make use of the GMO Internet Group’s services, along with 440,000 enterprise customers.

© copyright 1995-2005 -- GMO Internet Group -- GMO Internet, Inc. all right reserved.

Meanwhile, Orient Credit is a personal finance service provider whose main product is personal loans to female
customers. As of the end of March 2005, Orient Credit had outstanding consumer loans of 80.9 billion yen (whichincludes off-balance loans of 62 billion yen), about 200,000 customers, and was ranked as the 17th largest consumer
finance provider. Orient Credit’s operations extend throughout Japan, serviced through two call centers, one in Tokyoand one in Osaka.
The GMO Internet Group has been looking into utilizing its access to over 18 million Internet users through its fortes inInternet marketing and blog services to move into the finance business arena, which is highly compatible with Internet
business, as a new business area.
Moreover, with Orient Credit having built an excellent revenue base through its advanced management organization andas Orient Credit’s “branchless” sales network and marketing of personal finance services are highly compatible withInternet services and are therefore expected to achieve further growth through synergies with the GMO Internet Group,
the Company has therefore identified that it has a shared interest with Orient Credit and Unison Capital. This has thus led
to the conclusion of a final agreement relating to the acquisition of shares.

2. Corporate profile of Orient Credit Co., Ltd.
(1)

Company NameORIENT CREDIT CO.,LTD(2)

Representative

Yoshifumi Nakano(3)

Location of head office

3F Iwamotocho Bldg. Hidekazu No. 3, 1-6-3 Iwamotocho, Chiyoda-ku,Tokyo(4)

Established

November, 1971(5)

Type of business

Personal finance services(6)

End of fiscal year

March

(7)

No. of employees

Full-time employees: 185, Contract employees: 28, Staff services
employees: 180, Total: 393(8)

Principal place of business

Same as location of head office(9)

Capital6,499,400,000 yen(10)

No. of shares issued76,224(11)

Major shareholders and number of

Unison Capital Partners, LP. 37,901 shares (49.72%)

shares held

UC Ocean Investors, LP. 23,180 shares (30.41%)
UC Ocean Investors, 2LP. 10,786 shares (14.15%)(12)

Performance over past fiscal years
Accounting term ending March 2004

Sales

Accounting term ending March 2005

12,166 million yen

19,239 million yen

Operating profit

747 million yen

2,528 million yen

Ordinary profit

873 million yen

2,318 million yen

Net profit

612 million yen

1,396 million yen

Total assets

32,603 million yen

34,896 million yen

Shareholder capital

9,433 million yen

10,824 million yen

Dividend per share−−© copyright 1995-2005 -- GMO Internet Group -- GMO Internet, Inc. all right reserved.

3. Corporate profile of Unison Capital, Inc.
(1)

Company NameUNISON CAPITAL,INC.

(2)

Representative

Nobuyoshi Ehara(3)

Location of head office

4-5, Kioicho, Chiyoda-ku, Tokyo(4)

Type of businessPrivate equity fund Unison Capital Partners L.P. (Cayman Islands) was set up with total commitments worth 38
billion yen in July 2000 with investments from leading Japanese and foreign institutional investors. This fundinvests in the non-core business sectors of major enterprises and in medium-sized enterprises in need of propping
up on the management side, investing in seven projects to date with three of these generating a return oninvestment. In December 2004, Unison Capital Partners II, L.P. and Unison Capital Partners II (F)), L.P. were
established with total commitments worth 75 billion yen with the aim of staging buy-outs of medium-sized
Japanese companies. In addition to these funds, UC Ocean Investors, L.P. and UC Ocean Investors, 2LP (CaymanIslands) were established for the purpose of investing in Orient Credit, Co., Ltd.

Unison Capital, Inc. (Representative Director: Nobuyoshi Ehara) was established in 1998 as private equity
investment advisors and serve as the advisors for these funds in Japan. Unison Capital, Inc. is a fully independentcompany and is characterized by its operational team made up of a select number of elite Japanese professionals.

4. Number of shares acquired, price of acquisition, and number of shares owned before and after the acquisition
The Company will acquire a total of 71,867 shares (94.28%) of the shares in Orient Credit Co., Ltd. owned by Unison.
(1)

No. or shares owned before the acquisition

0 shares(Ownership: 0%)71,867 shares(Price of acquisition: 25,041 million yen)

71,867 shares(Ownership: 94.28%)(No. of voting rights: 0)(2)

Number of shares acquired(No. of voting rights: 71,867)(3)

Number of shares owned after the acquisition(No. of voting rights: 71,867)

5. Schedule
August 15, 2005

Resolution by the Board of Directors

September 30, 2005

Hand-over of share certificates

6. Future outlook
Year ending December 2005
Consolidated sales

38,000 million yen(8,000 million yen)

Consolidated ordinary profit

4,500 million yen(1,500 million yen)

Consolidated net profit

2,000 million yen(700 million yen)

Figures shown in parenthesis indicate the anticipated impact of Orient Credit becoming a subsidiary of the Company.

7. Business status after the acquisition of shares
It is believed that the new addition of Orient Credit Co., Ltd. will contribute to the GMO Internet Group broadening its© copyright 1995-2005 -- GMO Internet Group -- GMO Internet, Inc. all right reserved.

business areas and strengthening its business base. Moving forward, the aim of each of the companies that make up theGMO Internet Group is to provide highly specialized services in each of their respective business domains.
The acquisition of shares shall not affect the Company’s business status, as outlined below.
(1) Company Name

GMO internet, Inc.

(2) Type of business1. Internet Use Support Business (Internet Infrastructure Business)
2. Internet Advertising Support Business (Media Business)(3) Location of head office26-1, Sakuragaoka-cho, Shibuya-ku, Tokyo(4) Representative

Masatoshi Kumagai(5) Capital

3,311,130,000 yen

Moreover, it is planned that the funds required for the acquisition of shares of Orient Credit Co., Ltd. will be raised
through the issuance of straight corporate bonds (issue value of 28 billion yen), which was decided today (August 15,2005) along with the decision on the conclusion of the final agreement.

End.

© copyright 1995-2005 -- GMO Internet Group -- GMO Internet, Inc. all right reserved.